"Bolstering our ability to withstand droughts and extreme weather events.”
WASHINGTON, D.C. (Texas Insider Report) — Congressman Tony Gonzales (TX-23) joined the North American Development Bank (NADBank) in announcing the approval of the Water Resiliency Fund (WRF), which will provide up to $400 million in financing for priority infrastructure projects aimed at conserving and diversifying water supply sources in the U.S.-Mexico border region.
"It is my unique privilege to represent nearly half of the U.S.-Mexico border in Congress – from El Paso to Del Rio and Eagle Pass, and from San Antonio to Presidio, the 23rd District of Texas is home to many communities that are key to binational trade,” said Congressman Tony Gonzales. "What happens in these places has global implications, and that's why it's critical to have forward-thinking investments in our infrastructure along the border.
"The North American Development Bank has been an excellent partner in making that goal a reality, and this week's announcement is more evidence of investing in that commitment for stronger, more resilient border communities,” Gonzales said.
The announcement was made during the NADBank Summit '25, held on August 28 and 29 in San Antonio, Texas.
NADBank Managing Director John Beckham and Congressman Gonzales announced that through the WRF, NADBank will allocate up to $100 million from retained earnings over the next five years to provide concessional financing – along with US$300 million in low-interest loans from its loan program.
NADBank may also complement these instruments with market-rate financing to further expand the reach and impact of available resources.
“We’ve worked in close collaboration with our Board members and actively engaged officials from border states in both the United States and Mexico, along with local communities, irrigation districts, and other key stakeholders to establish the new Water Resiliency Fund,” said Mr. John Beckham.
“This initiative is designed to catalyze investment in strategic infrastructure that improves the region’s water resilience through more efficient usage and diversification of sources, all of which will bolster our ability to withstand droughts and extreme weather events.”
Mario Mata Carrasco, Executive Director of the Chihuahua State Water & Wastewater Board (JCAS), a representative from U.S. Senator John Cornyn's Office, as well as irrigation district managers from South Texas, were also in attendance at the event.
